Car Insurance - six surprising factors that could be increasing your premium

With this in mind, here we share six factors that insurers take into consideration when calculating your premium and have provided some tips on how you can bring down your quote.



Location



When making a claim, insurance providers are likely to look at local statistics for your area, such as driving behaviour, crime rate, and the average number of legitimate and fraudulent claims made by other road users. For example, you may live near a road known for its car accidents, which could mean more claims are being made in your area as a result.



Compare the Market found that insurance premiums in Greater London can cost on average £200 more compared to other areas of the UK, such as the West Midlands or the Northwest. By comparison, Northern Ireland has some of the cheapest insurance premiums by around £100 less on average.



Where you park your vehicle is also considered by insurance providers, including vehicles without protected parking or overhead cover being vulnerable to damage compared to being stored in a garage, although some insurers also see garages as potential damage risks so...